NMS Investment Research

Apple stock is bouncing along the trendline supports on overexaggerated reports by some financial journalists and YouTube rs that Vision Pro is being returned in droves to Apple Store s before their 14 - day return period expire s . In fact, Bloomberg's Apple expert Mark Gruman said in an interview that the Vision Pro returns are not large , somewhere between average and above-average... there is no sign of a crisis. Wall Street is expecting Apple to sell 600k Vision Pros this year, 1M units in 2025 and 4M units in 2026. Apple just announced that 600 new apps built specifically for Vision Pro had been released. Apple stock has been moving sideways since November 2023 and may continue as AI bulls need to raise cash from somewhere to chase after the AI stocks. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update !

Be aware that the S&P 500 is now trading at the top of the channel . The index has now been up for five consecutive weeks and may be due for a pullback. Beware t he AI bulls could try to keep the market afloat until Nvidia reports its Q4F Y 24 on February 21 after the market close. This note contained herein is our opinion and should not be construed as a recommendation to buy or sell. Click here to view the latest update!